Ilmarinen Mutual Pension Insurance Co Makes New Investment in Aon plc (NYSE:AON)

Ilmarinen Mutual Pension Insurance Co acquired a new stake in Aon plc (NYSE:AON) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 26,372 shares of the financial services provider’s stock, valued at approximately $9,472,000.

Several other institutional investors and hedge funds also recently made changes to their positions in AON. Endeavor Private Wealth Inc. purchased a new stake in AON during the fourth quarter valued at about $29,000. Richardson Financial Services Inc. grew its position in AON by 2,025.0% during the 4th quarter. Richardson Financial Services Inc. now owns 85 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 81 shares during the last quarter. Millstone Evans Group LLC purchased a new position in AON in the 4th quarter worth approximately $32,000. Anchor Investment Management LLC lifted its position in AON by 1,162.5% in the third quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 93 shares during the last quarter. Finally, Centricity Wealth Management LLC bought a new position in shares of AON in the fourth quarter worth approximately $39,000. Institutional investors own 86.14% of the company’s stock.

AON Price Performance

Shares of AON opened at $375.94 on Friday. The firm has a fifty day simple moving average of $391.32 and a two-hundred day simple moving average of $373.76. The firm has a market cap of $81.20 billion, a PE ratio of 29.69, a P/E/G ratio of 2.12 and a beta of 0.82. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 2.58. Aon plc has a 1-year low of $268.06 and a 1-year high of $412.97.

AON (NYSE:AON) last announced its earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.25 by $0.17. AON had a return on equity of 70.84% and a net margin of 16.91%. During the same period in the previous year, the business earned $3.89 EPS. On average, equities analysts anticipate that Aon plc will post 17.21 EPS for the current year.

AON Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were given a $0.675 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $2.70 annualized dividend and a yield of 0.72%. AON’s payout ratio is presently 21.33%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on AON shares. Keefe, Bruyette & Woods upped their price target on shares of AON from $411.00 to $414.00 and gave the company an “outperform” rating in a report on Wednesday, February 5th. Wells Fargo & Company increased their target price on shares of AON from $410.00 to $445.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Royal Bank of Canada boosted their price target on AON from $390.00 to $400.00 and gave the company a “sector perform” rating in a report on Monday, February 3rd. Evercore ISI upgraded AON from an “in-line” rating to an “outperform” rating and increased their price objective for the stock from $407.00 to $420.00 in a report on Wednesday, January 8th. Finally, Redburn Atlantic upgraded AON to a “hold” rating in a report on Tuesday, March 25th. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $386.21.

AON Company Profile

Aon Plc engages in the provision of risk, health, and wealth solutions. It focuses on risk capital including claim management, reinsurance, risk analysis, management, retention, and transfer; and human capital involving analytics, health and benefits, investments, pensions and retirement, talent and rewards, and workplace wellbeing.